Abstract
In this study the authors aim to clarify the role of environmental valuation in public policymaking through a case study of valuing the waterside along a river in an urban area. First, it is indicated that the role of urban waterside has dual aspects: one role is to mitigate damages from various disasters such as earthquakes and fires, and the other role is to provide a comfortable environment for residents along the river. Then, in order to identify residents’ demands concerning the waterside in particular from the viewpoint of their daily life, a discrete choice model is set up. The model is then applied to a case study. Not only revealed preference data but also stated preference data are used in the case study. Finally, the limited role of the value of the waterside environment that is obtained from the model is shown.
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Acknowledgements
Part of this study has originally published in Environment and Planning C: Government and Policy 2004, volume 22, pages 3–13, Pion Limited, London; www.pion.co.uk and www.envplan.com (Hagihara and Hagihara 2004). We would like to thank the publishers for their permission to use the material here.
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Hagihara, K., Shimizu, S. (2019). Environmental Valuation Considering Dual Aspects of an Urban Waterside Area. In: Asahi, C. (eds) Building Resilient Regions. New Frontiers in Regional Science: Asian Perspectives, vol 35. Springer, Singapore. https://doi.org/10.1007/978-981-13-7619-1_12
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DOI: https://doi.org/10.1007/978-981-13-7619-1_12
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